Outflows to the tune of $3.81 billion caused tax-exempt money market funds to end the week of June 23 with $513.65 billion, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

The decline comes on the heels of last week's scanty inflows of just $82.6 million, which caused total assets to settle at $517.45 billion, the report said.

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